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Tag Archives: mergers and acquisitions

Baker Donelson merges with another Houston law firm

JACKSON — Baker, Donelson, Bearman, Caldwell & Berkowitz, PC has merged with the Houston law firm of Drucker, Rutledge & Smith, L.L.P., marking Baker Donelson’s third merger, and its second one in Texas, in less than four months. In October 2011, Baker Donelson merged with the Houston firm of Spain Chambers, giving the firm its first Texas location, then in ...

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Hancock Holding might pay less for merger with Whitney

GULFPORT — Hancock Holding Corp. says it’s on track to spend less than previously projected to wrap up its merger with the former Whitney National Bank, with profit rising in the fourth quarter. The parent of Hancock Bank and Whitney Bank said it earned $19 million in 2011’s fourth quarter, up from $17 million in the year-ago quarter. Those 2010 ...

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CF Rail Services buys another railcar repair facility

CF Rail Services has assumed the operations of the railcar repair facility located at in Longview, Wash. As part of its partnership with Patriot Rail Corp., which began with CF Rail Services operating three Patriot-owned facilities in September of 2011, CF Rail Services will assume this current railcar repair operation as well as assuming most of its current employees. This ...

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Regions selling Morgan Keegan to Raymond James for $930M

BIRMINGHAM, Ala. — Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Company Inc. and related affiliates to Raymond James Financial Inc., for $930 million. As part of the transaction, Morgan Keegan will also pay Regions a dividend of $250 million before closing, pending regulatory approval, resulting in total proceeds of $1.18 billion to ...

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Parkway continues 'shift' with sale of 15 buildings

JACKSON — Parkway Properties Inc. is selling 15 buildings for $147.5 million to Hertz Investment Group. The sale of structures in Jackson, Memphis, Tenn., and Richmond, Va., is part of a shift out of what Parkway now describes as “non-core” markets. Parkway said yesterday it would sell four buildings and a parking garage in Jackson, four buildings in Memphis and ...

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Ross King Walker now Hancock Insurance

HATTIESBURG — Hancock Bank has renamed Hattiesburg-based Ross King Walker as Hancock Insurance Agency. Hancock Bank acquired 103-year-old Ross King Walker (RKW) in 2004, and RKW retained its name as a division of Hancock Insurance Agency, a wholly owned subsidiary of Hancock Bank founded in 1902. RKW executives said the decision to rename RKW as Hancock Insurance Agency reflects the ...

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California company to buy Willmut Gas & Oil

HATTIESBURG — A San Diego-based energy company has announced plans to buy a natural gas utility in Mississippi. Sempra Energy spokesman Scott Crider said the company hoped to complete the purchase of Hattiesburg-based Willmut Gas & Oil Co. by the end of June. The deal must be approved by the Mississippi Public Service Commission. No price was disclosed. Sempra would ...

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Entergy completes purchase of Rhode Island facility

NEW ORLEANS — Entergy Corporation’s Entergy Wholesale Commodities business segment has completed the previously announced purchase of the Rhode Island State Energy Center (RISEC), an approximately 583-megawatt power plant located in Johnston, R.I., from subsidiaries of NextEra Energy Inc. for approximately $346 million, subject to customary closing adjustments. The facility is a Siemens natural gas-fired combined-cycle generating plant that entered ...

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Kirby purchases barge fleet from Seaboats

GREENVILLE — Kirby Corporation has purchased the coastwise tank barge fleet of Seaboats Inc. and affiliated companies consisting of three 80,000-barrel coastwise tank barge and tug units for $42.3 million in cash. The three coastwise tank barge and tug units currently operate along the East Coast and have an average age of five years. Financing of the purchase was through ...

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